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SheridanCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Additional Information on Year 2014

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image text in transcribed SheridanCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Additional Information on Year 2014 Transactions 1. Purchased equipment by signing a long-term note for $9,120 and paying cash for the balance. 2. Paid cash as a payment on the long-term notes payable. 3. Issued 114 shares of common stock for cash. 4. Declared and paid cash dividends of $18,240. Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)

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